News

News

Nigerian Breweries Erases Past Losses with 18% H1 Profit Surge to ₦156.3 Billion

Nigerian Breweries Plc has delivered a strong financial performance in its unaudited first-half 2026 results, highlighted by robust top-line growth and a major

Jul 31, 2026 Read →

News MTNN

MTN Nigeria Reports Record N1.09 Trillion Profit Before Tax in H1 2026, Up 75.4%

MTN Nigeria Communications Plc achieved a record-breaking financial performance for the first half of 2026, delivering a Profit Before Tax (PBT) of N1.09 trilli

Jul 31, 2026 Read →

News FIRSTHOLDCO

NGX Prolongs Bearish Run as Investors Lose N1.65 Trillion in Two Days

​The Nigerian Exchange (NGX) extended its losing streak on Thursday, July 30, 2026, dropping N1.005 trillion in market capitalization in a single session and br

Jul 31, 2026 Read →

News

Dangote Cement H1 2026 Profit Soars 34%, Fueled by Strong Nigerian Market

Dangote Cement delivered one of its strongest half-year performances in recent years for the period ending June 30, 2026, driven by robust domestic operations,

Jul 31, 2026 Read →

News

Wema Bank Pretax Profit Hits ₦154.56 Billion in H1 2026, Up 53.6% YoY

Wema Bank Plc delivered one of its strongest half-year financial results to date, reporting a 53.65% year-on-year increase in pre-tax profit to N154.56 billion

Jul 31, 2026 Read →

News

Prestige Assurance H1 Profit Soars Past N1 Billion Mark

Despite a 16% decline in gross premium written to N12.83 billion, Prestige Assurance Plc delivered a strong financial performance for the half-year ended June 3

Jul 31, 2026 Read →

News

UAC Nigeria Pre-Tax Profit Soars 210% in H1 2026 Driven by C.H.I. Limited Consolidation

UAC of Nigeria Plc achieved a remarkable financial performance for the half-year ended June 30, 2026, driven largely by the strategic consolidation of C.H.I. Li

Jul 31, 2026 Read →

News

Nigerian stocks plunge N648bn in broad mid-week market drop

The Nigerian equities market suffered a sharp reversal on Wednesday as a wave of profit-taking wiped out approximately N648 billion in investor wealth. Driven b

Jul 30, 2026 Read →

News

CBN Slashes T-Bill Yields as Demand Surges Sevenfold

Investors demonstrated massive demand for long-dated government debt at the Central Bank of Nigeria’s final primary market auction for July 2026. The 364-day Tr

Jul 30, 2026 Read →

News

CBN Slashes T-Bill Yields as Demand Surges Sevenfold

Investors demonstrated massive demand for long-dated government debt at the Central Bank of Nigeria’s final primary market auction for July 2026. The 364-day Tr

Jul 30, 2026 Read →

News FIRSTHOLDCO

Femi Otedola Expands First HoldCo Stake to 25.87% with N222.2 Billion Acquisition

First HoldCo Plc Chairman, Femi Otedola, has further cemented his control over the financial giant by acquiring an additional 1.779 billion ordinary shares for

Jul 30, 2026 Read →

News STERLINGNG

Sterling Bank H1 2026 Pre-Tax Profit Rises 22% to ₦55.5B Despite Soaring Loan Impairments

Sterling Financial Holdings Company Plc (Sterling Bank) reported a 21.92% year-on-year increase in pre-tax profit for the first half of 2026, reaching ₦55.53 bi

Jul 30, 2026 Read →

News

AMCON Assets Drop 29.8% to N1.29t Amid Ongoing Wind-Down

In 2025, the Asset Management Corporation of Nigeria (AMCON) saw its total assets decline by 29.8% to N1.29 trillion, down from N1.84 trillion in 2024. Accordin

Jul 29, 2026 Read →

News

Okomu Oil Pre-Tax Profit Drops 12% to ₦59 Billion in H1 2026

Okomu Oil Palm Plc reported a 12.03% year-on-year drop in pre-tax profit to N58.99 billion for the first half of 2026, down from N67.05 billion in H1 2025. Acco

Jul 29, 2026 Read →

News

Zichis Agro-Allied H1 2026 Profit Soars 448% to N478.7m

Zichis Agro-Allied Industries Plc reported an impressive financial performance for the first half of 2026, driven by robust growth across its agricultural and p

Jul 29, 2026 Read →

News

ETI Posts ₦584.01 Billion Pre-Tax Profit for H1 2026

Ecobank Transnational Incorporated posted a resilient financial performance for the first half of 2026, despite a slight year-on-year contraction in overall pro

Jul 28, 2026 Read →

News

United Capital H1 2026 Pre-Tax Profit Surges 80% to ₦24.8 Billion, Approves 30-Kobo Interim Dividend

United Capital Plc has posted a standout financial performance for the first half of 2026, driven by robust top-line growth and strong operational efficiency ac

Jul 28, 2026 Read →

News

United Capital H1 2026 Pre-Tax Profit Surges 80% to ₦24.8 Billion, Approves 30-Kobo Interim Dividend

United Capital Plc has posted a standout financial performance for the first half of 2026, driven by robust top-line growth and strong operational efficiency ac

Jul 28, 2026 Read →

News

Dangote’s Children Support Plan to Donate $11.7B of Family Fortune to Charity

Aliko Dangote, Africa’s wealthiest individual with a fortune estimated at $35.1 billion, plans to dedicate one-third of his wealth to charity as part of his suc

Jul 28, 2026 Read →

News ACCESSCORP

NGX Edges Up in Quiet Start to the Trading Week

Nigerian Stock Market Dips 0.05% as Profit-Taking Hits Large-Cap Equities The Nigerian equities market experienced a mild dip of 0.05% on Monday, July 27, 2026,

Jul 28, 2026 Read →

News FIRSTHOLDCO

NGX Edges Up in Quiet Start to the Trading Week

The Nigerian Exchange (NGX) kicked off the trading week on a modest note, closing virtually flat with a marginal gain of 0.03% in the All-Share Index (ASI). Des

Jul 27, 2026 Read →

News

Guinness Nigeria Reports N142 Billion in Revenue

Guinness Nigeria Plc has delivered another strong quarter for the period ending June 30, 2026, maintaining its positive momentum through disciplined execution a

Jul 27, 2026 Read →

News

NGX Group Reports N14.76 Billion H1 2026 Pre-Tax Profit, Declares N1.30 Interim Dividend

Nigerian Exchange Group (NGX Group) Plc posted a record financial performance for the first half of 2026, reporting a pre-tax profit of N14.76 billion—a 170% su

Jul 27, 2026 Read →

News PRESCO

Nigerian Stocks Fall 0.19% as Banking Heavyweights and Presco Drag Market

The Nigerian equities market closed lower on Friday, July 24, 2026, dropping 0.19% as profit-taking in Presco Plc and banking heavyweights outweighed broader ma

Jul 25, 2026 Read →

News TRANSCORP

Transcorp Group Pre-Tax Profit Drops 11.45% to ₦75.9 Billion in H1 2026

Transnational Corporation Plc (Transcorp) reported a pre-tax profit of ₦75.9 billion for the first half of 2026, representing an 11.45% decline compared to ₦85.

Jul 24, 2026 Read →

News GUINNESS

Nigerian Equities Market Rebounds with ₦1.58 Trillion Surge Driven by Banking, Big-Cap Rally

The Nigerian stock market bounced back on Thursday, reversing previous losses as a surge in heavyweights added ₦1.58 trillion to investor wealth. The benchmark

Jul 24, 2026 Read →

News

Cornerstone Insurance to Pay ₦5.09bn Dividend Following Shareholder Approval

The Nigerian equities market kicked off the week on a strong bullish note on Monday, July 20, 2026, adding N1.76 trillion to investor wealth as market capitaliz

Jul 24, 2026 Read →

News BUACEMENT

BUA Cement’s H1 2026 Pre-Tax Profit Jumps 79% to ₦384.4 Billion

BUA Cement Plc has posted a strong financial performance for the first half of 2026, with profit before tax surging 79% year-on-year to ₦384.44 billion, up from

Jul 23, 2026 Read →

News

Ikeja Hotel Plc Reports 31% Surge in H1 2026 Pre-Tax Profit to ₦6.12 Billion

Ikeja Hotel Plc has delivered a strong financial performance for the first half of 2026, recording a 31.03% year-on-year increase in profit before tax to ₦6.12

Jul 23, 2026 Read →

News

Dangote Refinery Secures Landmark $2.5 Billion in Private Equity

​In a historic move for African capital markets, Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has successfully closed a landmark US$2.5 billion priv

Jul 23, 2026 Read →

News

Airtel Africa Posts $360 Million Pre-Tax Profit for Q1 2026

Airtel Africa Plc reported a profit before tax of $360 million for the quarter ended 30 June 2026, compared with $273 million in the prior period. According to

Jul 23, 2026 Read →

News

NGX Drops 0.50% as Maximum Losses in Nestlé and BUA Foods Snap Two-Day Rally

The Nigerian Exchange (NGX) halted its two-session winning streak on Wednesday, July 22, 2026, as selective profit-taking pulled the All-Share Index (ASI) down

Jul 23, 2026 Read →

News FIRSTHOLDCO

Femi Otedola Pumps $77.6 Billion into First HoldCo, Raises Stake By 21.95%

Billionaire investor and Chairman of First HoldCo Plc, Femi Otedola, has significantly increased his control of the financial group through a massive new stock

Jul 22, 2026 Read →

News

FirstHoldCo Hits ₦5 Trillion Market Capitalization in Midday Rally

Shares of First HoldCo Plc surged past the N5 trillion market capitalization benchmark during midday trading on Wednesday, July 22, 2026. The stock traded in th

Jul 22, 2026 Read →

News ACCESSCORP

NGX Daily Wrap: Bullish Momentum Extends as Market Cap Hits ₦159 Trillion

The Nigerian Exchange (NGX) maintained its upward trajectory on Tuesday, July 21, 2026, extending its positive run as strong buying interest in key equities pus

Jul 22, 2026 Read →

News

Unilever Nigeria Reports ₦29.2bn Profit, Announces ₦2.00 Interim Dividend for H1 2026

Unilever Nigeria Plc has released its unaudited financial results for the first half of 2026, demonstrating strong top-line performance and improved operational

Jul 22, 2026 Read →

News

Coronation Fund Earnings Hit ₦791.5M in H1 2026; Proposes ₦8.985 Per Unit Distribution

Coronation Infrastructure Fund delivered a solid performance for the first half of 2026, recording an operating profit of ₦791.50 million—roughly 89% of its ₦88

Jul 22, 2026 Read →

News

JUST IN: CBN retains interest rate at 26.5%

The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has voted to keep the Monetary Policy Rate (MPR) unchanged at 26.5 percent. The decision was revea

Jul 21, 2026 Read →

News

NGX Emerges Africa’s 2nd Best-Performing Stock Market in H1

The Nigerian equities market kicked off the week on a strong bullish trajectory on Monday, July 20, 2026, as sustained buying interest in banking, industrial, a

Jul 21, 2026 Read →

News

Femi Otedola Increases First HoldCo Holding to 20.4% After N45bn Capital Infusion

Nigerian billionaire and Group Chairman of First HoldCo Plc, Femi Otedola, has further solidified his controlling position in the financial group, expanding his

Jul 21, 2026 Read →

News

NGX Rallies N1.76 Trillion as Broad-Based Buying Sparks Investor Surge

The Nigerian equities market kicked off the week on a strong bullish note on Monday, July 20, 2026, adding N1.76 trillion to investor wealth as market capitaliz

Jul 21, 2026 Read →

News

Strong H1 Earnings for Transcorp Power with ₦54.99B Profit and ₦1.50 Dividend

Transcorp Power Plc reported a pre-tax profit of N54.99 billion for the half year ended June 30, 2026, a 6.37% decline from N58.73 billion in H1 2025. The softe

Jul 20, 2026 Read →

News

How Nigerian Stocks Fared: Best Performers and Market Winners

Strong gains in First HoldCo Plc helped steady the Nigerian equities market in the week ended Friday, July 17, 2026, preventing a deeper decline as banking stoc

Jul 20, 2026 Read →

News

First HoldCo Shares Surge 10% on Record-Breaking ₦653.5B H1 Profit

First HoldCo Plc has posted its strongest half-year performance to date, with pre-tax profit rising sharply to ₦653.54 billion for the six months ended 30 June

Jul 20, 2026 Read →

News

Abdul Samad Rabiu Retains BUA Foods Chairmanship; ₦28 Final Dividend Approved

At the fifth Annual General Meeting of BUA Foods Plc, held on July 15, 2026, at the Transcorp Hilton Hotel in Abuja, shareholders officially approved a final di

Jul 20, 2026 Read →

News DANGCEM

Dangote Refinery Raises $2.5 billion in Pre-IPO Private Placement

Nigeria's Dangote Petroleum Refinery has raised $2.5 billion through ​a private placement as it ‌seeks to strengthen its financing structure, company executive

Jul 17, 2026 Read →

News

BUA Cement Drags Nigerian Market Down Despite Historic FBN Holdings Rally

The Nigerian equities market closed marginally lower on Thursday, July 16, 2026, as a sharp selloff in heavyweight industrial stocks, led by BUA Cement, dragged

Jul 17, 2026 Read →

News

SEC launches nationwide campaign to recover N270 billion unclaimed dividends

The Securities and Exchange Commission (SEC) has launched a nationwide enlightenment campaign to help Nigerian investors reclaim approximately N270 billion in u

Jul 17, 2026 Read →

News

First HoldCo hits record N87.25 as market value crosses N3.8 trillion

Shares of First HoldCo Plc reached an all-time high of N87.25 on the Nigerian Exchange (NGX) on Thursday, driving its market capitalization past N3.8 trillion.

Jul 17, 2026 Read →

News

Nigeria’s foreign reserves hit $51.86 billion, highest since 2009

Nigeria’s external reserves have surged to $51.86 billion as of July 14, 2026, marking their highest level in over 17 years and outperforming the Central Bank o

Jul 16, 2026 Read →

News

Airtel Africa becomes NGX's most valuable company with over ₦21tn valuation

In a historic milestone for the Nigerian capital market, Airtel Africa Plc has become the first company listed on the Nigerian Exchange (NGX) to surpass a ₦20 t

Jul 15, 2026 Read →

News

Dangote Refinery switches petrol, diesel sales from naira to dollars

The Dangote Petroleum Refinery has shifted its sales of refined products, including petrol and diesel, from Nigerian naira to US dollars. This pivot changes the

Jul 14, 2026 Read →

News

NGX: Equities shed N1.32 trillion on profit-taking in industrial goods, banking, consumer stocks

The Nigerian equities market started the week on a bearish note, shedding a massive N1.32 trillion on Monday as heavy sell pressure dominated trading. The NGX A

Jul 14, 2026 Read →